Nvidia Stock (NVDA) Remains Defiant Despite Chinese AI Chip Security Probe
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Serious Concerns
The Cyberspace Administration of China (CAC) has reportedly summoned the U.S. semiconductor giant to explain 'backdoor security risks' of its H20 chips sold in China and submit relevant documents.
Indeed, a meeting has already been held between the regulator and Nvidia over the 'serious security issues.'
The move is reportedly aimed at 'safeguarding the network and data security of Chinese users' after comments from American AI experts suggested that Nvidia's chips have location tracking and can remotely shut down the technology.
According to the Financial Times, it is not clear who these experts are and if China has undertaken its own tests into the chips.
Paul Triolo, a China tech expert, told the FT that he was 'skeptical' about the 'backdoor' claims given the lack of detail in the original CAC statement.
Crucial Period
It comes at an important time for Nvidia and its relationship with China, which is a key part of its business model.
Earlier this month, Nvidia said that it could resume its H20 AI chip sales in China, months after the U.S. Commerce Department put export restrictions on the chips amid ramped-up U.S.-China tariff trade tensions. Nvidia estimated that the ban had cost it a huge $15 billion in lost sales.
The chip was specially designed for Chinese customers to meet U.S. export rules and has been a top seller in the country since 2024.
Nvidia has also introduced a new AI chip for China. The model is designed for use in factory automation and logistics and is built on the company's advanced Blackwell architecture.
Nvidia chief executive Jensen Huang, had hoped the end of the ban would help keep the company's share price soaring as it taps into the potential $50 billion Chinese AI market.
However, it faces pressure within China, where rivals such as Huawei have benefited from the H20 absence, and the U.S. given continued tensions between the two nations.
Is NVDA a Good Stock to Buy Now?
On TipRanks, NVDA has a Strong Buy consensus based on 34 Buy, 3 Hold and 1 Sell ratings. Its highest price target is $250.
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5 minutes ago
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